Multiple Choice
Which of the following statements is false?
A) The evidence seems to show that there are only a few, if any, instances of pure monopsony in the real world.
B) In a monopsony setting, it is possible for a minimum wage to actually increase the number of workers hired.
C) Although in a monopsony setting it is possible for a minimum wage to actually increase the number of workers hired, it is not possible to raise wage rates continually and always increase employment, too.
D) The marginal factor cost for a monopsonist is less than the wage rate it pays workers.
Correct Answer:

Verified
Correct Answer:
Verified
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